Delta Receives Exploration Permits Ahead of 2025 Drilling at the Delta-1 Expanded Property in Thunder Bay, Ontario and Grants Stock Options
Delta Resources (TSXV: DLTA) has received two exploration permits for early-stage mineral exploration at the Delta-1 Expanded property in Thunder Bay, Ontario. Over 90% of the property is now permitted for early-stage exploration, including diamond drilling. Additionally, the company has granted 4,005,000 stock options to management, board members, employees, and consultants, exercisable at $0.20 for 3 years from the grant date with immediate vesting.
Delta Resources (TSXV: DLTA) ha ricevuto due permessi di esplorazione per l'esplorazione mineraria di fase iniziale presso la proprietà Delta-1 Expanded a Thunder Bay, Ontario. Oltre il 90% della proprietà è ora autorizzata per l'esplorazione di fase iniziale, compresa la perforazione a diamante. Inoltre, l'azienda ha concesso 4.005.000 opzioni su azioni alla direzione, ai membri del consiglio, ai dipendenti e ai consulenti, esercitabili a $0,20 per 3 anni dalla data di concessione con immediata maturazione.
Delta Resources (TSXV: DLTA) ha recibido dos permisos de exploración para la exploración minera en etapas iniciales en la propiedad Delta-1 Expanded en Thunder Bay, Ontario. Más del 90% de la propiedad ahora cuenta con permisos para exploración en etapas iniciales, incluida la perforación de diamante. Además, la compañía ha otorgado 4.005.000 opciones sobre acciones a la dirección, miembros del consejo, empleados y consultores, que se pueden ejercitar a $0,20 durante 3 años a partir de la fecha de concesión con una inmediata vesting.
Delta Resources (TSXV: DLTA)는 온타리오주 Thunder Bay에 있는 Delta-1 Expanded 재산에서 초기 단계 광물 탐사를 위한 두 개의 탐사 허가를 받았습니다. 현재 재산의 90% 이상이 초기 단계 탐사, 다이아몬드 시추를 포함하여 탐사 허가가 되었습니다. 또한, 회사는 경영진, 이사회 구성원, 직원 및 컨설턴트에게 4,005,000 주식 옵션을 부여했으며, 부여일로부터 3년 동안 $0.20에 행사할 수 있으며 즉시 자격이 부여됩니다.
Delta Resources (TSXV: DLTA) a reçu deux permis d'exploration pour l'exploration minérale à un stade précoce sur la propriété Delta-1 Expanded à Thunder Bay, Ontario. Plus de 90% de la propriété est désormais autorisée pour l'exploration à un stade précoce, y compris le forage de diamants. De plus, la société a accordé 4.005.000 options d'achat d'actions à la direction, aux membres du conseil, aux employés et aux consultants, pouvant être exercées à 0,20 $ pendant 3 ans à compter de la date d'octroi avec un droit de propriété immédiat.
Delta Resources (TSXV: DLTA) hat zwei Explorationsgenehmigungen für die frühzeitige mineralische Erkundung des Delta-1 Expanded-Geländes in Thunder Bay, Ontario, erhalten. Über 90% der Fläche ist nun für die frühzeitige Erkundung genehmigt, einschließlich Diamantbohrungen. Darüber hinaus hat das Unternehmen 4.005.000 Aktienoptionen an das Management, die Vorstandsmitglieder, Mitarbeiter und Berater vergeben, die innerhalb von 3 Jahren ab dem Datum der Vergabe zu einem Preis von $0,20 ausgeübt werden können, mit sofortiger Vesting.
- Secured exploration permits covering 90% of Delta-1 Expanded property
- Permits include authorization for diamond drilling activities
- Potential shareholder dilution from 4,005,000 new stock options granted
Montreal, Quebec--(Newsfile Corp. - November 26, 2024) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6G01) ("Delta" or "The Company") is pleased announce that it has received two exploration permits to allow for early-stage mineral exploration at the Delta-1 Expanded property in the Thunder Bay District of Ontario. Over
Figure 1: Geology map of the Shebandowan belt showing the area covered by the Delta-1 Expanded property and showing the area within the property that is currently permitted for early-stage exploration (including diamond drilling).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8482/231404_delta1en.jpg
Delta has granted 4,005,000 stock-options to management, the board of directors, employees and consultants. The options are exercisable at
About Delta Resources Limited
Delta Resources Limited is a Canadian mineral exploration company focused on growing shareholder value through the exploration of two very high-potential gold and base-metal projects in Canada.
DELTA-1 is Delta's flagship project, where the company is building on a large gold inventory 50 kilometres west of Thunder Bay, Ontario, at surface and adjacent to the Trans-Canada highway. To date, the gold mineralization is defined over a strike length of 2.5 km, from surface to a vertical depth of 300 m. Highlights include drill intercepts such as 5.92 g/t Au over 31 m (incl. 14.8 g/t Au over 11.9 m), and 1.79 g/t Au over 128.5 m. The property covers 308 square kilometres where Delta has identified multiple corridors of intense alteration and deformation, on strike with, and to the south of the Eureka gold zone and that has yet to be thoroughly explored.
The DELTA-2 property covers 205 square kilometres in the prolific Chibougamau District of Quebec. The property holds excellent potential for gold-rich polymetallic VMS deposits as well as hydrothermal-gold deposits. Delta targets VMS deposits such as the LeMoine past producer where 0.76 Mt were mined between 1975 and 1983, grading
ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.
Frank Candido
Chairman
www.deltaresources.ca
For Further Information:
Delta Resources Limited
Andre C. Tessier, President and CEO
Tel: 613-328-1581
atessier@deltaresources.ca
or
Frank Candido, Chairman
Tel: 514-969-5530
fcandido@deltaresources.ca
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not approved nor disapproved of the information contained herein.
Cautionary Note Regarding Forward Looking Information
Some statements contained in this news release are "forward-looking information" within the meaning of Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases (including negative or grammatical variations) or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Investors are cautioned that forward-looking information is inherently uncertain and involves risks, assumptions and uncertainties that could cause actual facts to differ materially. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forward-looking information contained in this press release constitutes management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231404
FAQ
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